Statement of Cash Flows: See attached.

Statement of Cash Flows: See attached.

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Sales
$1,020,000
Cost of goods sold
640,000
Gross profit
$380,000
Operating expenses
230,000
Income before income t
150,000
Income taxes
60,000
Net income
$90,000
Debit
Credit
Cash
$50,000
Accounts receivable
34,500
Inventories
$25,000
Salaries payable (opera
60,000
Accounts payable
450,000
Income taxes payable
12,000
Depreciation expense for the year was $54,000
Deferred tax liability account increased $6,500
(a)
using the indirect method.
(b)
using the direct method.
6. 
(TCO F) Cash flows from operating activities (indirect and
direct methods).
Presented below is the income statement of Smiling Tiger,
Inc.
In addition, the following information related to net
Prepare a schedule computing the net cash flow
from operating activities that would be shown on
a statement of cash flows:

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